Forum Sells Two Sub-Atlantic™ ROV's

Maritime Activity Reports, Inc.

Press ReleaseOctober 22, 2012

Forum Energy Technologies sell two Sub-Atlantic™ ROVs to IKM Subsea for deployment in North Sea and Singapore waters.

"We recently won a five year frame agreement with Statoil, and we intend to continue our strong growth both in the Norwegian and International market," says IKM Subsea Managing Director Ben Pollard. "The Sub-Atlantic Comanche vehicle is already contracted to a major offshore contractor for a project in Southeast Asia, where it will work together with our other IKM Subsea Work Class ROVs."

IKM Subsea Business Development Manager, Mahesh Govindan added, "Sub-Atlantic's technical and spares support capability in Singapore was one of the key factors in our decision to purchase the vehicles. Further to that, the short delivery date enabled us to work well within the time-line for the project. We see the Sub-Atlantic Mohican and Comanche models as very versatile ROVs for Drill Support and Inspection programs, which further enhances our ability to provide a wider range of services to our clientele."

Forum Subsea Technologies is a product line of Forum Energy Technologies, Inc. Their ROV product line includes Sub-Atlantic™ electric observation class ROVs and Perry™ hydraulic work-class vehicles used for inspection, survey and deep-water construction, as well as other remote intervention technologies and services.

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